“The mergers of exchanges have only just begun as growing competition and even new regulation drive them closer together, irrespective of national borders,” write correspondents Luke Jeffs and Rachelle Younglai from the Reuters Future Face of Finance Summit.
As talk of future exchange deals swells, the CEO of the Singapore Exchange said he’s not planning any more concessions to Australian officials to win approval for his exchange’s $7.7 billion bid late last year for that country’s bourse operator ASX.
J. Crew will once again be a private company after shareholders approved a $2.86 billion deal for the retailer to be acquired by TPG Capital and Leonard Green & Partners.
Chrysler has taken the first step to re-enter the U.S. capital markets through filings with the Securities and Exchange Commission, the automaker’s boss, Sergio Marchionne, told Reuters Insider TV on the sidelines of the Geneva Motor Show on Tuesday.
Who will succeed Warren Buffett at the helm of Berkshire Hathaway? That’s still anybody’s guess, but according to Dealbook the company’s board has identified four managers it says could fill his shoes as CEO when the investment titan, now 80, retires.